Bank of Central African's States (BEAC). First, with a GMM adapted for a forward looking rule, we propose a reaction … function for this central bank. The result shows that from 1986 to 2006, the formulation of the monetary policy strongly …. In this case, the results were better but confirm those issued by the GMM method. …

The present study applies purpose-built dynamic computable general equilibrium models for Ghana and Kenya with a …

This paper aims to reexamine the relationship between financial development and economic growth in Kenya over the … Kenya, that is, they may emphasize on financial development to ignite economic growth. …

performance. Using a large sample of European listed firms in the period from 2003 to 2011 and system GMM we find a significant … market competition. In markets with effective competition, horizontal multiple directorships turn out to be an efficient … firms have no significant influence on financial performance, irrespective of the level of competition intensity …

difference to the Walrasian picture in standard microeconomics. The reason for this statement is that competition between …, demand increases or is equal to supply, competition breaks down and the price exhibits a jump. When this supply shortage is …

While Pakistan has taken several steps to promote competition in its markets, further reforms are required in improving … competition to bring international quality goods to the market and promote innovation. For agricultural markets, the Agricultural … Produce Markets Act 1939 must be reformed to introduce competition such that private sector involvement is encouraged …